India was positive about the consensus for resource mobilization at the COP 11 underway in Hyderabad, Andhra Pradesh. The first global summit on Convention of Biological Diversity (CBD) in India, is conducted at Hyderabad. On Monday M.F. Farooqui, Special Secretary, Ministry for Environment and Forests, was positive over amicable settlement of the issue. The issue that cropped up between the developed and developing countries was being well addressed at the COP 11.
Positive resolutions are being considered with regards to the resource mobilization to achieve biodiversity conservation targets by 2020. He also said that the 193 countries participating in the summit were of the view of having interim targets initially and developing a road map for the future.
India was positive and confident that a mutually agreeable solution will be adopted by the end of the summit (October 19). By doing so the COP 11 will be sending a strong political message across the globe.
The two sides of the coin that emerged with the developed and the developing countries was that the developed ones were keen on fixing of robust baselines and reporting frameworks. The other side is that the developing wanted setting of targets for achieving the Strategic Plan for Biodiversity and Aichi Targets by 2020. The emerging differences on the issue led to the setting up of a contact group to bring in a mutually agreeable solution. (With inputs from internet-AW AarKay)